Catholic Health Leaders Warn of Medicaid Cuts Can Lead to Billion-Dollar Losses
Becker's Hospital Review
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Contributed by: Kate Gamble
Summary
Leaders of major Catholic health systems, including Providence, Trinity Health, and Ascension, are warning that proposed Medicaid funding cuts could trigger a "polycrisis" in U.S. healthcare.Providence anticipates a $1 billion revenue loss if the cuts proceed, compounding existing financial challenges.Trinity Health could face up to $1.1 billion in losses, with Medicaid reimbursements already falling short by over $500 million annually.Ascension highlights that reductions in Medicaid enrollment would shift individuals into the uninsured population, increasing the financial burden on nonprofit hospitals.These leaders argue that the cuts would not only affect Medicaid recipients but also diminish access to care for all patients, especially in rural and underserved communities, potentially leading to service reductions or hospital closures.
